Boston's Federal Reserve says it has solved technical challenges of a 'digital dollar'

The US Federal Reserve is continuing its research into a "digital dollar" and has unveiled a technical specification for how it might work, The Washington Post has reported. Researchers designed a system that can handle more than 1.7 million transaction a second and settle payments in under two seconds, while operating 24/7 without service outages, according to a new paper on the subject. The "Project Hamilton" research into a central bank digital currency (CBDC) was developed strictly to test t...